HCT Group was a transport social enterprise, providing bus services, social services transport, school buses, minibuses and more across the UK.
Sadly HCT Group closed on 23 September 2022. Over the years, HCT provided close to two million passenger trips for community groups and disadvantaged people, a model of a community-led transport service.
The sales and transfers of the companies that made up the HCT Group meant that many services continue to be available to local communities.
Key information
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Focus area
Social lending -
Investment type
Enterprise debt -
Region
UK wide -
Duration
5 years -
Investment amount
£9.95 million
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Challenge
Older people, disabled people and people who are long-term unemployed are more likely to experience loneliness and isolation, issues that are linked with around a 30% higher risk of early death. Many older people also experience difficulty accessing local services such as shops, the post office or day centre.
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Approach
HCT Group provided transport for vulnerable people to improve access to community groups, local facilities and services. Community-designed bus routes provide the opportunity to engage with the outside world, improving wellbeing and encouraging independent living.
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Impact
Over five years, HCT Group provided 1.77 million passenger trips for community groups and disadvantaged people. They provided 2,540 qualifications for long-term unemployed people, found work for almost 400 unemployed people and created over 350 jobs.
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Social lending
We want to see a social lending market that meets the needs of a diverse range of social purpose organisations and investors alike.
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Our approach
We work with expert partners to understand people’s needs first. Then, using our knowledge and capital, we collaborate and invest with fund managers who also want to create a better, sustainable future.
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Impact
Our approach to impact is deeply embedded in our investment process, decision making and portfolio management, making sure it runs through everything we do.